FT: Tether is now world's largest gold holder outside central banks

Tether has become the world's largest holder of gold, excluding central banks, the Financial Times reported. The report cites an analysis from U.S. investment bank Jefferies, which found that Tether held approximately 116 tons of gold as of the end of September. Jefferies also noted that Tether purchased 26 tons of gold in the third quarter, a larger amount than any single central bank acquired during the same period.